{"url":"https://etfiq.com/compare/leverage/spch-vs-spcm","section":"compare","title":"SPCH vs SPCM: which held to its multiple? | ETFIQ","description":"SPCH sets out to return +2 times SPCX each day and SPCM +2 times. Over the three months to Sep 30, 2026 they finished \u221214.1 pts and \u221212.1 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, SPCH or SPCM?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SPCH finished 14.1 points from what its multiple implies and SPCM finished 12.1 points from its own, so SPCM came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SPCH and SPCM levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Space Exploration Technologies, SPCH at +2 times and SPCM at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SPCH or SPCM?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SPCH\u2019s moved at 70% annualized and SPCM\u2019s at 70%, so SPCH has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SPCH or SPCM for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, SPCH or SPCM?","acceptedAnswer":{"@type":"Answer","text":"SPCH charges 0.75% a year and SPCM charges 1.49%, so SPCH is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"SPCH vs SPCM","item":"https://etfiq.com/compare/leverage/spch-vs-spcm"}]},{"@type":"WebPage","name":"SPCH vs SPCM: which held to its multiple?","description":"SPCH sets out to return +2 times SPCX each day and SPCM +2 times. Over the three months to Sep 30, 2026 they finished \u221214.1 pts and \u221212.1 pts away.","url":"https://etfiq.com/compare/leverage/spch-vs-spcm","dateModified":"2026-09-30","abstract":"Over the days both have traded, SPCH finished 14.1 points from its stated multiple and SPCM 12.1.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SPCH and SPCM","description":"SPCH sets out to return +2 times SPCX each day and SPCM +2 times. Over the three months to Sep 30, 2026 they finished \u221214.1 pts and \u221212.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/spch-vs-spcm","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6423,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SPCH vs SPCM \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SPCH vs SPCM: which held to its multiple?\n\n Over the days both have traded, SPCH finished 14.1 points from its stated multiple and SPCM 12.1.\n Copy this for sharing \n \n Leverage Shares 2X Long SPCX Daily ETF and Tradr 2X Long SpaceX Daily ETF.\n\n Download as PDF \n\n \u221222.6% SPCH returned, 3 months \n \u221220.5% SPCM returned, 3 months \n \u221214.1 pts SPCH from its stated multiple \n \u221212.1 pts SPCM from its stated multiple \n\n ETFIQ Decay Resistance Score: SPCM scores higher\n Did it ke","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/spch-vs-spcm","a":{"ticker":"SPCH","name":"Leverage Shares 2X Long SPCX Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SPCH returned \u221222.6% where its own daily promise gave \u221218.6%, 3.9 points short.","url":"https://etfiq.com/funds/spch","key_facts":[{"label":"What SPCX did","value":"\u22124.2%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221218.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221222.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$370m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"0.75%","as_of":"2026-09-30","source":"issuer page"}]},"b":{"ticker":"SPCM","name":"Tradr 2X Long SpaceX Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SPCM returned \u221220.5% where its own daily promise gave \u221218.6%, 1.9 points short.","url":"https://etfiq.com/funds/spcm","key_facts":[{"label":"What SPCX did","value":"\u22124.2%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221218.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221220.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$20m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.49%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 10, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/spch-vs-spcm"}